Publication year

China’s economic lifeline is key for North Korea’s economy. Recent sanctions are expected to put more pressure on the regime in Pyongyang, but China also has its strategic interests related to North Korea.

The US value chain is sliced up globally, which limits possibilities for protectionist policies without hurting domestic US firms. US firms are especially involved in three Mexican industries, with the motor vehicle industry being the most prominent one.

Global economic growth expected to outperform 2016 both this year and in 2018, but geopolitical developments still pose downside risks. Rising current account imbalances are hindering a powerful recovery.

China can move up to the center stage of the global economy, if it succeeds in fostering innovation, human capital and the quality of institutions. The economic gains could be as high as USD 6.5 trn of additional value added in 2025, which is equivalent to one-third of US GDP.

In this piece, we analyze which region loses most because of the TPP withdrawal by Trump. The US withdrawal has given China, which was excluded from TPP, opportunities to fill a void and to further expand its influence in Asia.